If I were the Treasury Secretary, right now, I would be issuing as many long term bonds as possible. Hell, I'd issue a trillion dollars worth of them. It's FREAKIN' AMAZING to me when yields are at 3.50-3.80% on the long end, and they move up 20 basis points, the market panics. A few years back, people used to think 5% on the long end was wonderful. Now they cry if they move up a few basis points and we ARE AT THE LOWEST THIS COUNTRY HAS EVER SEEN.
Now that we have these uber low rates, issue as much debt as possible...